Press release
Smart Airport market to witness Massive Growth during the forecast period | Global key players includes Siemens AG, Rockwell Collins, Inc., Thales Group, IBM Corporation, Cisco Systems, Inc
The global smart airport market is estimated to reach USD 31.10 billion by 2026 growing at a CAGR of 11.2% during the forecast period, according to a new study. The report Smart Airport Market Share, Size, Trends, & Industry Analysis Report, By Component (Hardware, Software, Services); By Infrastructure; By Solution (Terminal Side, Air Side, Landside); By Application; By Region: Segment Forecast, 2018 – 2026, provides an extensive analysis of present market dynamics and predicted future trends. In 2017, the hardware segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.
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In 2018, North America accounted for the highest share in the global market. The primary factors driving the market growth in the region include established telecommunication industry and cloud infrastructure, rising penetration of mobile devices, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding energy usage and emissions, and rising awareness regarding use of energy efficient equipment boost the market in North America. The increasing concerns regarding safety, growing air traffic, modernization of old airports, and growing adoption of connected devices and IoT further increase the demand of Smart Airport solutions in the region.
The rising adoption of Internet of Things and increasing security concerns boosts the adoption of smart airport solutions. Other factors driving the market growth include increasing need to offer personalized services to travelers, rising demand for real-time information, and growing need to simplify and enhance user experience. New emerging markets, technological advancements, modernization of old airports, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for market in the coming years.
Smart airport solutions provide high resolution imaging and advanced data processing for facial recognition, offering improved flow management and security processing. It also offers personalized wayfinding to guide travelers through terminals and provides accurate timings at each stage. Smart airport solutions manage predictive and real time passenger flow systems to minimize queuing for security and immigration.
Security search use non-intrusive, on-the-move facial recognition and bag scanning, risk-based analytics, and identification of high-risk travelers. Real time data from transport systems enables adaption of flight schedules, and provide connected, automated travel options offering seamless, reliable public transport options.
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The well-known companies profiled in the smart airport market report include Siemens AG, Rockwell Collins, Inc., Thales Group, IBM Corporation, Cisco Systems, Inc., International Business Machines Corporation, T Systems International GmbH, Amadeus IT Group SA, Honeywell International Inc., and Indra Siestma S.A. These companies launch new products and collaborate with other market leaders in the smart airport industry to innovate and launch new products to meet the increasing needs and requirements of consumers.
Table of Contents:
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Smart Airport Market Insights
3.1. Smart Airport Industry snapshot
3.2. Smart Airport - Ecosystem analysis
3.3. Smart Airport Market Dynamics
3.4. Industry analysis - Porter's five force
3.5. Smart Airport Market PEST Analysis
3.6. Smart Airport Market Value Chain Analysis
3.7. Smart Airport Industry Trends
3.8. Competitive Ranking Analysis
4. Smart Airport Market Size and Forecast, 2018-2026 by Component
5. Smart Airport Market Size and Forecast, 2018-2026 by Infrastructure
6. Smart Airport Market Size and Forecast, 2018-2026 by Solution
7. Smart Airport Market Size and Forecast, 2018-2026 by Application
8. Smart Airport Market Size and Forecast, 2018-2026 by Region
9. Company Profiles
Complete report titled at: https://www.marketstudyreport.com/reports/smart-airport-market-share-size-trends-industry-analysis-report-by-component-hardware-software-services-by-infrastructure-by-solution-terminal-side-air-side-landside-by-application-aeronautical-operations-non-aeronautical-operations-by-region-segment-forecast-2018-2026
Related Report:
Global Smart Airport Market Size, Status and Forecast 2019-2025
Airports, worldwide, have started diversifying their financial gain and are spending huge amount to implement non-aeronautical operations, such as providing parking facilities, lounges, conference rooms, and boarding and lodging facilities. The global smart airport market has grown drastically with innovative technologies that have enhanced user experiences. The rise in demand for real-time data is anticipated to drive the market growth, as it help to ease the burden on airport infrastructure and manpower.In 2018, the global Smart Airport market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
https://www.marketstudyreport.com/reports/automotive-direct-Smart Airport-fuel-cell-market-insights-2019-global-and-chinese-analysis-and-forecast-to-2024
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